Malgoldberg (asker) Aug 6, 2019:

Dziękuję bardzo.

geopiet Aug 6, 2019:

Incentive-Based Cash Bonuses In order to promote a pay-for-performance environment, we use incentive-based cash arrangements which are based on the company achieving specific corporate goals. This cash compensation is "at risk" because the executive receives such incentive compensation only to the extent that we achieve minimum performance targets and such payments do not affect achievement of the company's financial goals.

Our 2014 Executive Incentive Bonus Plan ("2014 Bonus Plan"), summarized in the table below ....

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Therefore, the compensation committee and the CEO determined that the 2014 Bonus Plan payout should be reduced to 37.48% of the target, rather than the actual calculated payout of 135%.

- https://www.sec.gov/Archives/edgar/data/1035748/000104746915... - page 27